Search found 750 matches

by Luke Duke
Mon Sep 17, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Pay large medical bills - cash or HSA?
Replies: 8
Views: 467

Re: Pay large medical bills - cash or HSA?

Hi Everyone, I got two large medical bills due to a recent visit to an emergency room, each of which is "only" several hundred dollars, but not thousands, thanks to my insurance plan. To pay the bills, which methods would you recommend , cash or HSA? Paying the bills with pretax money is certainly ...
by Luke Duke
Mon Sep 17, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: New Job 1 year 401k wait, advice?
Replies: 12
Views: 1324

Re: New Job 1 year 401k wait, advice?

Are you sure that you can't contribute for one year? It is more likely that they don't match for one year.
by Luke Duke
Thu Sep 13, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: dumb dentist question - canceling whole life insurance
Replies: 19
Views: 1854

Re: dumb dentist question - canceling whole life insurance

HEDGEFUNDIE wrote:
Wed Sep 12, 2018 12:17 am

+1 to all of this, except I don't think the OP actually needs any kind of life insurance at this point in his life. He has no beneficiaries!
One risk of not having insurance now is that he could develop a condition in the future that would make him uninsurable.
by Luke Duke
Thu Sep 13, 2018 10:31 am
Forum: Personal Consumer Issues
Topic: Need burner phone for wife traveling in Italy
Replies: 24
Views: 1830

Re: Need burner phone for wife traveling in Italy

bob60014 wrote:
Thu Sep 13, 2018 8:46 am
If she has a smartphone just use the wi-fi and WhatsApp. Also check with her current provider as just have international packages available. Why go through the hassle of a new phone?
This. WhatsApp and GroupMe are a couple of app-based texting options.
by Luke Duke
Thu Sep 13, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 7897

Re: My daughter's inheritance.

She could retire in her 40's, she could set up future generations, she can afford to take the risk of starting her own business, she can choose to use the money to help others, etc. If I read this correctly, we're talking about $1.25M, not $12.5M. This is likely not enough money to even consider al...
by Luke Duke
Wed Sep 12, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 7897

Re: My daughter's inheritance.

I hope that the valuation of the deceased father's business is something that everyone concerned is comfortable with. There is more than a reasonable chance that the number you're expecting to receive is lower than it ought to be. However,this is an issue of what the ownership agreements say, and w...
by Luke Duke
Wed Sep 12, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: 1 year old birthday
Replies: 42
Views: 1834

Re: 1 year old birthday

Thank you all for your suggestions. I guess my final question at this point is, would you attend your baby's friend's birthday party if you knew it was to be held at someone's small condo? Would you think this is strange at all? I would attend only if I were good friends with the parents and if I w...
by Luke Duke
Wed Sep 12, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 7897

Re: My daughter's inheritance.

You've received some good advice here. After the dust settles and your daughter begins to take interest in managing the money, you should do your best to ensure that she understands the freedom that the money could allow her, if it is properly managed. She could retire in her 40's, she could set up ...
by Luke Duke
Wed Sep 12, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5293

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

You are in a very good position. I was laid off with no notice, but I received a good severance (not as good as yours). I was able to find a job in a couple of months and I had a lot of the severance left over to beef up the EF. You need to start looking for a job now. Update your LinkedIn page and ...
by Luke Duke
Tue Sep 11, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Is there a point where you should stop or hold off rebalancing?
Replies: 15
Views: 1053

Re: Is there a point where you should stop or hold off rebalancing?

vineviz wrote:
Tue Sep 11, 2018 10:50 am
Annual rebalancing is generally superior to more frequent intervals.
What is your definition of superior?
by Luke Duke
Mon Sep 10, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Older Toyota/Honda/Similar owners: How often do you clean your car?
Replies: 36
Views: 2100

Re: Older Toyota/Honda/Similar owners: How often do you clean your car?

I wash my 2003 Toyota Highlander every 3 or 4 years whether it needs it or not.
by Luke Duke
Mon Sep 10, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6316

Re: Hurricane Florence - survival guide

You need a generator that isn't so thirsty. I would add a quiet Honda or Yamaha to the mix, so you only have to start the hog to run the big stuff. My 2.4kW Yamaha can run two refrigerators, a chest freezer, my TV, computer and some lights.
by Luke Duke
Mon Sep 10, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Value?
Replies: 70
Views: 5099

Re: Amazon Prime - Value?

I don't have any issues with items arriving when promised, but I live in a major metropolitan area with an Amazon warehouse.
by Luke Duke
Fri Sep 07, 2018 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9725

Re: Max you should invest in a 529?

WhiteMaxima wrote:
Tue Sep 04, 2018 11:50 am
529 can only be used for college.
False. It can also be used for K-12 private school tuition.
https://www.savingforcollege.com/articl ... ol-tuition
by Luke Duke
Fri Sep 07, 2018 11:00 am
Forum: Investing - Help with Personal Investments
Topic: 28/F... $325k total comp for 2019. Minimize taxes?
Replies: 8
Views: 2236

Re: 28/F... $325k total comp for 2019. Minimize taxes?

My stock vests + salary would be around $300k+ next year, even in a bad case where my company’s stock drops about 20% from its closing value today. Aside from contributing to my HSA and maxing out my 401k, what are things I can do to reduce my taxable income? I pay $2700 in rent and utilities, and ...
by Luke Duke
Thu Sep 06, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Purchasing annuity for wife
Replies: 21
Views: 2093

Re: Purchasing annuity for wife

Nate79 wrote:
Wed Sep 05, 2018 4:30 pm
You are worried about the fees charged by Vanguard PAS (where she would have an actual human to talk to and will completely run the investments) and are considering annuities?
This.
by Luke Duke
Tue Sep 04, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 6813

Re: Daily Driver (Car) Over 100K Miles?

My daily driver will hit 273K miles this week. I intend to drive it as long as it is economical to do so. In the past month, I have taken two 400+ mile road trips in it with no hesitation.
by Luke Duke
Tue Sep 04, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: How to "waste" money on groceries?
Replies: 109
Views: 9372

Re: How to "waste" money on groceries?

Prime steak. I love it and find it to be worth the premium.
by Luke Duke
Thu Aug 30, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: What to do with cash/emergency fund
Replies: 36
Views: 3437

Re: What to do with cash/emergency fund

I cheat and have my EF in a 20/80 account, since I can afford to lose 25% of it and still have a sufficient buffer.
by Luke Duke
Thu Aug 30, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Transfer of ESPP shares not allowed
Replies: 4
Views: 250

Re: Transfer of ESPP shares not allowed

Why do you want to transfer them? If you are going to sell them, just sell them and move the cash to your other accounts.
by Luke Duke
Wed Aug 29, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 80
Views: 13471

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

If I were in your situation, I would have a minimum of 50% equities.
by Luke Duke
Wed Aug 29, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 155
Views: 9584

Re: How do you save money on groceries?

Are you getting cash back while you are at the grocery store? If so, is the cash being categorized as groceries when you categorize your expenses?
by Luke Duke
Wed Aug 29, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: Microsoft adding stock quote functionality to Excel
Replies: 12
Views: 3262

Re: Microsoft adding stock quote functionality to Excel

Will this work for mutual funds as well?
by Luke Duke
Sat Aug 25, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Honduran Mahogany Door
Replies: 8
Views: 1004

Re: Honduran Mahogany Door

A local woodworker may be your best bet. Mahogany is very expensive, so be prepared.
by Luke Duke
Sat Aug 25, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 6926

Re: Game Changing Inheritance of Stocks! Now what?

Option 1: Quit your jobs, buy a bigger house and two new cars. Rely on your kids for basic living expenses when you're older. Option 2: Read this book (short version) or this book (long version) . I prefer the long version. Keep your expenses low, keep working at least until you are eligible for ret...
by Luke Duke
Sat Aug 25, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: Circuit breaker stays tripped
Replies: 29
Views: 2697

Re: Circuit breaker stays tripped

neilpilot wrote:
Fri Aug 24, 2018 4:07 pm

Very surprised you had a light and outlets on the same circuit.
You've obviously never lived in an older house.
by Luke Duke
Fri Aug 24, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Am I Wrong for being 100% Equities ?
Replies: 62
Views: 5602

Re: Am I Wrong for being 100% Equities ?

Adding 20-40% bonds will greatly reduce your expected portfolio volatility, while only decreasing expected returns slightly.

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by Luke Duke
Fri Aug 24, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7646

Re: I still use cash not credit cards should I reconsider?

I also pay my CC every 2 or 3 days! I hate to see that red number getting bigger! I hate to be in debts even for a week. And that makes my bank account balance reflecting the real amount of money that I have available anyways, even if I wasn't tracking and budgeting. This might be something that sa...
by Luke Duke
Fri Aug 24, 2018 9:33 am
Forum: Personal Consumer Issues
Topic: Business Travel as an independent Contractor
Replies: 4
Views: 631

Re: Business Travel as an independent Contractor

I'm a Marriott guy, so I know nothing about Hilton. You have until Sunday to sign up for certain cards to be eligible for signup bonuses. This article explains it. If you can meet the minimum spend requirements, you could get as many as 425,000 points. https://frequentmiler.boardingarea.com/2018/08/...
by Luke Duke
Tue Aug 21, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: Cable Modem Router recommendations
Replies: 21
Views: 1266

Re: Cable Modem Router recommendations

Standalone routers are better than a router/modem combo. Most people won't notice the difference. My cable modems seem to only last a couple of years, while my routers last until I retire them due to newer technology (g, then n, and now ac). Since I have separate devices, I only have to pay for what...
by Luke Duke
Mon Aug 20, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: 401K rollover time allowed
Replies: 13
Views: 804

Re: 401K rollover time allowed

Do you expect to want to make any backdoor Roth IRA contributions in the future?
by Luke Duke
Mon Aug 20, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Military career/college options (engineering - nukes?)
Replies: 45
Views: 2641

Re: Military career/college options (engineering - nukes?)

Nuclear engineering might sound like fun, but out here in the real world it is a dying industry. The last nuclear power plant built in the US was in the 1980s, and nowadays many plants across the country are being mothballed due to regulatory pressures and inability to compete with cheap natural ga...
by Luke Duke
Mon Aug 20, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: Free Tire Change of Flat
Replies: 21
Views: 1683

Re: Free Tire Change of Flat

carolinaman wrote:
Fri Aug 17, 2018 7:08 am
This may be important to you but has great value to those who cannot change a flat, i.e. my wife and daughter.
Why can't they change a tire?
by Luke Duke
Sat Aug 18, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: What is the difference between minimum payment and statement balance for 0 APR card
Replies: 9
Views: 815

Re: What is the difference between minimum payment and statement balance for 0 APR card

$6000/23mo = $260.87/mo

Always pay an interest free offer off (at least) one month early. Usually (on a store credit card), if they aren't paid off when the interest free off er expires you will owe retroactive interest at a pretty high rate.
by Luke Duke
Sat Aug 18, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Pop up tent camper
Replies: 24
Views: 2794

Re: Pop up tent camper

Remember to lower the rear jacks before you get in it.

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by Luke Duke
Sat Aug 18, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Worth seeing comedian live if already saw their Netflix special?
Replies: 20
Views: 1837

Re: Worth seeing comedian live if already saw their Netflix special?

I've never been to a comedy show, but I was under the impression that after a comedian releases a comedy special the jokes aren't typically used again.
by Luke Duke
Sat Aug 18, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: Best BBQ in San Antonio
Replies: 41
Views: 3006

Re: Best BBQ in San Antonio

oilrig wrote:
Mon Jul 30, 2018 8:14 pm
Drive down about 60 miles from San Antonio to Lockhart, TX. It’s the capital of BBQ in Texas. Take your pick: Smittys, Blacks, Kreuz Market.
Austin has far surpassed Lockhart. Drive 60 miles north, not east.
by Luke Duke
Sat Aug 18, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Boglehead Birthday Gift for 50th B Day - Fine Spirits
Replies: 29
Views: 2062

Re: Boglehead Birthday Gift for 50th B Day - Fine Spirits

You might ask his wife to take a picture of his liquor cabinet contents and sent it to you. This would give you a good idea of what he likes.
by Luke Duke
Sat Aug 18, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: oil pan threads stripped - pan saver okay?
Replies: 33
Views: 2131

Re: oil pan threads stripped - pan saver okay?

I'd look for a small, local shop to replace the pan. I'd be amazed if you couldn't find a shop to do it for $300. It's not a hard job at all, DIY. Or go buy a Fumoto oil pan valve and have a welder weld the valve in permanently. How would one weld a brass valve to a steel oil pan and why would it b...
by Luke Duke
Sat Aug 18, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: oil pan threads stripped - pan saver okay?
Replies: 33
Views: 2131

Re: oil pan threads stripped - pan saver okay?

sunny_socal wrote:
Sat Aug 18, 2018 7:29 am
I would do this:
[1] Thread the hole again, one size larger (eg. helicoil)
[2] Install a Fumoto oil valve

But I DIY all my oil changes...
This. Except that threading the hole one size larger would negate the need for a helicoil.
by Luke Duke
Sat Aug 18, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Switch to auto lease after retirement?
Replies: 38
Views: 3082

Re: Switch to auto lease after retirement?

A lease will not be cheaper in the long run if you keep your cars for a while.

If you can afford it, then do whatever you want. A few thousand dollars spread across several years may be a drop in the bucket for you or it could be a significant percentage of your disposable income.
by Luke Duke
Sat Aug 18, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 48
Views: 5658

Re: Fidelity 401(k) millionaires hits record high

I am quite surprised at how relatively few Fido 401 (k) millionaires there are. You basically have to have the same job for 20 years and contribute more than average to accumulate $1MM in a 401k. You certainly need to contribute more than average, which is very little, but you can easily do either ...
by Luke Duke
Thu Aug 16, 2018 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Octogenarian father in law's idea of balance: AAPL + CASH
Replies: 35
Views: 3526

Re: Octogenarian father in law's idea of balance: AAPL + CASH

The other major consideration here is that the Apple stock will receive a stepped up basis on death. That is a very substantial consideration given age and the capital gains he has realized. It is in an IRA. I don't think he gets a stepped up cost basis. Correct https://rodgers-associates.com/blog/...
by Luke Duke
Thu Aug 16, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 48
Views: 5658

Re: Fidelity 401(k) millionaires hits record high

Irisheyes wrote:
Thu Aug 16, 2018 1:49 pm
I am quite surprised at how relatively few Fido 401 (k) millionaires there are.
You basically have to have the same job for 20 years and contribute more than average to accumulate $1MM in a 401k.
by Luke Duke
Thu Aug 16, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Wife got a new job! Please evaluate my portfolio...
Replies: 24
Views: 2028

Re: Wife got a new job! Please evaluate my portfolio...

vpotus wrote:
Tue Aug 14, 2018 11:28 pm
Thank you veindoc for your response. I edited my original post to reflect my income. I earn 90k per year. My wife will soon earn 80k. Our yearly expenses are 55k/year.
I assume that this doesn't include taxes.
by Luke Duke
Thu Aug 16, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3493

Re: Help with inheritance choice

mcluhan wrote:
Wed Aug 15, 2018 9:30 pm
The inherited IRA will grow tax deferred for the next 40+ years. You'll only have to take out small distributions each year. In the long run the bank CD will NOT be worth more. You're getting some terrible advice on this forum.
:oops:
by Luke Duke
Thu Aug 16, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10540

Re: Take auto loan 0.9% if I can afford cash?

I would take the loan. I would also put the maximum down payment that they will let you put on a credit card and earn points/cash back.
by Luke Duke
Wed Aug 15, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: Adult piggy bank
Replies: 54
Views: 4680

Re: Adult piggy bank

This might seem like a dumb question, but I am genuinely interested in getting an "adult" piggy bank. I decided to recently put all of my spare coins in a cup (as well as some dollar bills) in order to save for my Roth IRA contribution for 2019 (already maxed out for this year). For some psychologi...
by Luke Duke
Wed Aug 15, 2018 1:32 pm
Forum: Personal Consumer Issues
Topic: Marriott Free Certificate
Replies: 11
Views: 1510

Re: Marriott Free Certificate

You can see what category all hotels will be in after the merger.
https://points-redemption.marriott.com/category-change